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LATEST NEWS

MEASA assets to hit $678 bn by 2020

25/09/2017
Total Assets Under Management (AuM) by fund managers in Middle East, Africa, and South Asia region‘s (MEASA) key financial centres (India, South Africa, Nigeria, Egypt and the GCC countries) was US$436.5 billion at the end of 2016, according to a Dubai International Financial Centre (DIFC) report.

Dubai to host Floating Venice Resort in 2020

25/09/2017
Dubai, the city of superlatives and unique attractions, will host a floating paradise with underwater restaurants and facilities that will offer breath-taking views of corals and marine life. Titled the Floating Venice, the project will host 12 restaurants including three underwater – offering a host of entertainment to residents and visitors.

Dubai to replace faulty facades

25/09/2017
Dubai Land Department (DLD), through its regulatory arm the Real Estate Regulatory Agency (RERA), has begun the process of replacing non-fire-resistant building facades across Dubai.

Nakheel assesses construction proposals for Dh670 m RIU resort

20/09/2017
Dubai’s master developer Nakheel said, it is assessing 10 proposals for the construction of its new, 800-room RIU beachfront resort at Deira Islands, with the lowest bid at Dh363 million. The all-inclusive beachfront resort – a joint venture between Nakheel and leading Spanish hospitality group RIU Hotels and Resorts – is set for delivery in 2020, with a construction contract awarded by the end of 2017.

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Dubai’s office rents continue to decline
Dubai’s commercial occupier market saw lacklustre performance in 2016 as a result of slower economic growth. The strong US Dollar since May 2014 has proved to be a strong headwind for Dubai’s economy, said a report by Knight Frank. Read More...
Housing prices and rents fall in the UAE
Dubai Residential Property Sales Price Index for all residential decreased by 1.7 points, from 258.4 to 256.7, which represents a decrease of 0.63 per cent in August 2017, according to the latest REIDIN report. On the other hand, prices decreased 1.45 per cent year-on-year (y-o-y). Read More...
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